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Btcusdforecast

Bitcoin- Is this a genuine reversal? 25k holds the keyAfter the recent drop under 20k, Bitcoin found bids, and on Friday reversed strongly, gaining around 10% in a day and breaking above the recent falling wedge resistance (visible on short-term time frames) Now, everyone is wondering if this is a genuine reversal and a resumption of the long-term bullish trend. As a speculator, I try to be as objective as I can and look strictly at what the chart is telling me. Looking at the weekly posted chart we can see that after 10 months of decline, BTC found support in 20k and the last 3 weeks of price action are showing an Evening Star candle formation which can be the first sign of reversal. However, the price is still under the falling trend line that started in Nov last year. More, Bitcoin has also a strong horizontal resistance in the 25k zone and as long as this confluence level is intact, we are still in a bearish trend. That being said, in my opinion, this 25k zone holds the key and in order to speak of a bottom, we need a break above first. A quick look into Total: Total looks a little better than BTC. Of course, also here we have a downtrend that started in Nov last year and an Evening Star formation in the last three weeks, but this formation can be very well a higher low, which is more bullish than the double bottom (not yet confirmed) from Bitcoin. Also here we have an important resistance ahead at 1.16T. In conclusion, although I hope for a reversal, I'm only cautiously bullish at this moment. Best regards! Mihai Iacob
BITSTAMP:BTCUSDLong
by Mihai_Iacob
21
BITCOIN: STILL NOT BULLISH!!!Hello traders, I hope you guys are doing good. Here's a quick update on BTC in a lower timeframe. Timeframe: 8 hours. Update: BTC is still not bullish. It did perfectly bounce back from the $18.5k to $19k support level but currently, it is struggling to break above the $22k resistance level. If BTC fails to break above this level then we can expect another drop in the market. The RSI is already close to the overbought zone. Conclusion: BTC is still in a critical zone. Holding leverage positions for long in this unstable market will be risky. You may take short or long calls for scalping but make sure that it is for a shorter period of time. Note: Take the risk that you can effort to lose but knowingly do not jump into a bad trade. When you know and see that market is in a risky zone, stay aside. I hope this update is helpful for you. Thank you for supporting me. God bless.
COINBASE:BTCUSDShort
by Dexter_The_Trader
8
BITCOIN: A MIX FEELING OF GREEN AND RED.Welcome folks, to this new update on BTC. Timeframe: 3 Days. Recap: In my previous update, I mentioned about the two scenarios. 1. BTC will continue to hold the $19k support level and bounce back. 2. BTC will break down and fall towards the $12k support level. Well, it followed the number 1 scenario, a bounce from the $19k support level. Update: Recently, BTC has been reacting both negative and positive at the same time. I don't know if this could be an actual bounce back for BTC towards the $29.5k resistance level. So far, BTC manage to stay above the support 1 level but still in a critical zone. This time if BTC manages to break through all the odds then $29.5k to $30k could be a promising range for BTC. If you ask me when then I believe the beginning of the last quarter could be the month. RSI: The RSI is showing both the bullish and bearish divergence at the same time. We can see a nice rising wedge pattern forming in the RSI. Conclusion: Bulls need to maintain the pressure and should not drop below the $19k support. I am still holding my longs on BTC on spot and if by any chance, BTC goes bleeding red, I would like to accumulate more and more. What do you think about the recent price movement in BTC? Do share your views. Like, and comment to support me. Thank you and trade safely.
by Dexter_The_Trader
4
BTCUSDT 3D 🎂 Bitcoin price we expect $365k in 365 daysToday is our birthday - 2 years since two friends - traders created the PS Trade project. And although we have different approaches to analysis and different trading styles, we are united by the desire to diversify our working days and share the experience we have gained over the years of trading cryptocurrencies with society. For two years of public work, we have published more than 1500+ ideas on Tradingview, and you can evaluate the quality of their working out. On the occasion of our holiday, we would like to present you a c-c-combo idea-analysis of the BTCUSDT trading pair On the Bitcoin chart shows: - Gann box, which shows critical trend breaks on the global graph - Fibonacci levels on different timeframes, which historically work well as support and resistance levels, and also indicate future guidelines - as well as fractal analysis - which shows the psychology of the behavior of market players. So: The minimum program is the growth of the BTCUSDT price according to the blue fractal and the achievement of the goal of $117-120k in the spring of 2023 The maximum program is the movement of the BTCUSD price with a white fractal and $365000 per BTC at the end of summer - at the beginning of autumn 2023 The critical zone , where the global trend can change its direction to growth, is in the zone of $32-37k If the BTCUSDT price cannot be fixed above this zone, then the apocalyptic scenario that was published at the beginning of May 2022 with targets below $12-14k will be relevant _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
58
Bitcoin- Was the recent break a false one? Will it rise to 25k?Since the recent high at 25k and the break under the rising wedge, Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge. All this for me suggests no selling power at this moment and bullish accumulation on levels. The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k. In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low.
BITSTAMP:BTCUSDLong
by Mihai_Iacob
22
BITCOIN WEEKLY UPDATE: STILL HOLDING THE SUPPORT!Hello traders, I hope you all are doing good. Welcome to this weekly update on BTC. I am going to keep things easy and simple. Timeframe: 1 week. Update: Ever since the $17.6k drop, BTC couldn't rally above $25.2k. The rejection from the $25.2k brought the price back to the $19k support level. Basically, we have two clear scenarios in front of us. 1. BTC will continue to hold the $19k support level and bounce back. 2. BTC will break down and fall towards the $12k support level. RSI: The RSI is under the oversold zone. Technically, the previous RSI low is still lower than the current RSI low which is a positive sign. But if we see a drop incoming then I would expect a double bottom formation in RSI and then a big pump. Conclusion: Until and unless BTC maintains the support 1 level, we can expect some good rallies soon. If not then we better be prepared to buy BTC at a discounted rate. What's your idea on this? Do let me know in the comments. Thank you for reading this idea. Keep on supporting me with your valuable likes and comments. Trade safely.
by Dexter_The_Trader
4
BTCUSDT "Double bottom" and growth to$32k or sharp drop to$12k ?We will traditionally start the new trade week with a fresh idea of ​​BTCUSDT Although nothing has fundamentally changed since the publication of our previous BTCUSD idea, where we published information on how the price of BTC changed on a monthly basis starting in 2013. So, for a previous week, buyers diligently close each daily candle above the critical point. The probability of the formation of a "double bottom" pattern is emerging The goal of working out such a pattern is +/- $32,000 per Bitcoin Confident fixation of the ​​BTCUSDT price below the critical point is carte blanche for the continuation of the downward trend. Today an indicator was also added to the chart, which shows the delta of trading volumes in a specific price range. As of 05/09/22, the deviation in the direction of purchases is +1%, and this includes the volumes of the strait 06/13/22 And if we have correctly configured the indicator, then the trade delta data will be constantly updated as long as this idea exists. Therefore, we think it is worth subscribing to this idea by liking it and writing a comment about what you expect from the cryptocurrency market in the near future. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
42
Will BTC Continue to Decline?This month we will observe the third candle equation of the 3 candles close, which is an important figure in every analysis. After the big decrease in the monthly period, the 3rd candle is in the cycle that includes September. We can observe a new uptrend with a close above the $25300 level or a downward trend with a close below the $17600 level. I think we will see the 12-13 K levels that I mentioned in my previous analyzes. However, after an upward jump, it may show an upward trend with a manipulation move and regress to 12K levels. Manipulation has been common in past years. But the growing demand for cryptocurrencies has made large stock market and investment companies more greedy. Of course this is my opinion. My have no argument to prove it. But when I examine the graphs by expanding them, the manipulation moves prove themselves for everyone. Even someone without technical knowledge can understand this. With the proliferation of futures transactions, I feel like the crypto markets want to extort the investor's money by manipulating price movements instead of making money from the profit they will receive from the investor. This is my opinion . It could be right or wrong. But if you observe carefully, the exchanges' own money moves on very large percentage slices. In addition, the names we call whales are openly trying to put people in harm's way by using social media. Whenever Elon Musk or Saylor tries to give people tips on social media, prices move in the opposite direction of the tips they give. I've tried to warn people about this before. Both futures trading and social media rumors are dangerous for every investor. I wanted to say these things because I think the manipulation movements will continue. In the coming days, if Mr. Saylor or someone comes out again and says that bought a large amount of Bitcoin, be careful. Back to the analysis; Daily closures below 17600 will reduce prices to 14-12 K levels. closures above the 25300 levels may move prices to the December 29-35K range. 32 thousand dollars and 12 thousand dollars constitute the major support and resistance in the monthly period. When prices move up or down, there will definitely be a sell or buy reaction from these levels indicated. From a technical point of view, when we measure, I see that the harmonic pattern that I said would occur on Btc in my previous analyzes has been completed. But I think that the third candle, which I mentioned at first, will be completed with a downward movement. Although the pattern has completed its technical characteristics, the downward progression of prices does not invalidate this pattern. On the contrary, it strengthens. The only pleasing aspect of this downward movement is that the pattern indicates the bull run. When BTC enters an uptrend again and catches a bull run, we can think that prices will rise very much above the peak of this pattern. When we examine the candles of the last two weeks, we can see that the closures are in favor of the bear. On the chart, you can consider closes below 0.618 as a bearish close, and closes below 0786 as a strong bearish close. This means that it indicates that the next candle may be downward. Although the sum of these two candles gives a figure like 14800, I don't trust candle mathematics very much. That's why I don't accept it as true. But it's best to be careful, considering that there may still be a decline. The Weekly Rsi 32 appears in the Monthly Rsi 42 and the daily Rsi 30. This shows that there are still enough numbers for a downward trend. But even if the downward trend continues, I think that piecemeal purchases from these levels will leave a profit. If we think about the price of 20 thousand dollars, it seems that a decrease of 5-6 thousand dollars can be a big cost loss. But the recovery of a downward movement from these levels will again be fast. When we think about it from this point of view, it seems that piecemeal purchases can make a profit during the decline. But since it is still a risky strategy, I find it more reasonable to wait until the last moment for a buy or stop loss and evaluate it when prices return. The profit may decrease, but the risk will decrease just as much. The cmf indicator seems to produce an al signal in a weekly and daily period. But in the monthly period, I still consider it negative because the indicator does not produce enough signal for reception. The Aroon indicator is below 20 in all time zones and the adx indicates that the decline is weakening. Although adx and aroon produce a buy signal, the fact that the weekly candle closures I just mentioned are in the bearish zone suggests that it is early for an upward position. Note: This is not investment advice..
by CryptoBrainn